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REGISTERED NUMBER: 01305290 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Intracrop Limited

Intracrop Limited (Registered number: 01305290)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Intracrop Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr K M Aitchison
Mrs D Overton
Dr M J Palmer





REGISTERED OFFICE: Weston Centre
10 Grosvenor Street
LONDON
WK1 4QY





REGISTERED NUMBER: 01305290 (England and Wales)





AUDITORS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Intracrop Limited (Registered number: 01305290)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 714,986 825,450

CURRENT ASSETS
Debtors 5 8,751,075 8,631,912
NET CURRENT ASSETS 8,751,075 8,631,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,466,061

9,457,362

PROVISIONS FOR LIABILITIES 6 69,455 68,311
NET ASSETS 9,396,606 9,389,051

CAPITAL AND RESERVES
Called up share capital 24,000 24,000
Retained earnings 9,372,606 9,365,051
9,396,606 9,389,051

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





Mrs D Overton - Director


Intracrop Limited (Registered number: 01305290)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Intracrop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised at a rate of 10% on cost per annum.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Intracrop Limited (Registered number: 01305290)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 1,372,940
AMORTISATION
At 1 July 2022 547,490
Charge for year 110,464
At 30 June 2023 657,954
NET BOOK VALUE
At 30 June 2023 714,986
At 30 June 2022 825,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 8,751,075 8,631,912

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 69,455 68,311

Deferred
tax
£   
Balance at 1 July 2022 68,311
Provided during year 1,144
Balance at 30 June 2023 69,455

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs S K Keith (Senior Statutory Auditor)
for and on behalf of Ashmole & Co

Intracrop Limited (Registered number: 01305290)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Frontier Agriculture Limited.

Associated British Foods Plc Group Secretarial Department, Weston Centre, 10 Grosvenor Street, London, United Kingdom, W1K 4QY.